Bearish Close Likely for the Week Ahead ....!!!

Astro Technical Guide for Monday, 09th May, 2011 and general outlook for the week::
Astro Info::Tithi :: Vaisakha Sukla Chaturdasi ;Day :: MondayNakshatra :: Swathi (Moon in Libra) ;
Persons born in Aslesha, Jyeshta and Revathi and persons born in Scorpio and Pisces Zodiac signs are advised to be alert in their dealings.
Astro Technical Position for the week :: Market moved in a narrow range of about 150 points last week (Both weekly Low and High levels recorded on Friday itself) and closed flat for the week indicating indecisiveness due to tug of war between Bulls and Bears. Since market fell sharply in the first week of the month, it appeared to have remained sideways last week. With OMCs raising petro prices and Diesel and other products hike also expected to follow during the this week, market is expected to remain rather weak with bearish bias. If Nifty closes below 5500, it can be expected to go down further upto about 5350. As is being mentioned in this column, Mars and Mercury conjunction on May 21, is expected to bring the market down . New Solar month which commenced on May 15, is generally expected to be Bullish. Hence, Nifty is expected to take support around key level of 5350 and may not go further below . Considering , Fundamental, Astro and Technical Factors, while correction can be expected to continue this week, deep correction need not be expected in the short term and any correction (upto 5350 ) can be utilized as an opportunity to buy quality stocks. Market can be expected to recover during next week beginning May 23. 5300 level can be regarded as a major support area for Nifty below which only major weakness would set in.
During the week, Nifty would become Bullish only if it closes above 5625.

Technical Levels for the week :: Nifty (spot) is strong above 5575 with resistance around 5665, 5735 and weak below 5515 with supports around 5430, 5350 for the week. Based on present market movement, Nifty would be in bullish zone above 5555 and in bearish zone below 5525 during the week . Under normal circumstances, Nifty is expected to trade between 5670/ 5700 on the higher side and between 5400 / 5350 on the lower side during the week. WD Gann’s natural numbers which would act as natural support and resistance are ::5293, 5366, 5440, 5514, 5588, 5663, 5739, 5815 during the week.
Sensitive / Trend change Timings for the day :: 9.55am; 2.40pm;
Intraday Trend for 16.05.11 ( Volatile Movements…. !!! )
On the basis of planetary position , Generally, After Opening Market is expected to display volatile movements with recovery after opening followed by subdued trend and again recovery towards close of the day.

Astro Technical Trading Strategy for the day :: After 12.30pm, if Nifty fut trades below Average Traded Price by about 10 points, short positions can be taken with stop loss of 10 points above Average Traded Price and such positions may be closed by about 2.30pm.

Technical Levels for the day :: Nifty spot would be bullish above 5555 with resistance around 5585, 5610 and weak below 5535 with supports around 5505, 5475 for the day. Nifty would be in Bullish zone above 5555 and would be in Bearish zone below 5525 for Monday. Under normal circumstances, Nifty is expected to trade between 5600/ 5620 on higher side and 5495/ 5475 on Lower side .

IF resistance levels are achieved in the forenoon session, buying may be avoided at higher levels and risky traders can consider short positon for a pull back to Bullish trigger level. IF Support levels are achieved in the forenoon session, selling may be avoided at lower levels and risky traders can consider buying for a pull back upto Bearish trigger level / other support levels.
Note ::Intraday trend given above is relative and based purely on the basis of planetary positions and aspects and needs to be understood and applied depending on the market movement. Technical portion and astrological portion given above should be considered together and applied for taking proper trading decisions.
Disclaimer :: Intraday trading is risky and Astro guidance is to be used as an additional tool in addition to technicals and adapted depending on intraday movements. Creator only knows what is going to happen and astrologer can only indicate what is likely to happen . Whether Stock market is suitable or not is determined based on Individual natal chart and that would be helpful to determine one’s favourable / unfavourable period .
Trade only with stop loss..
Stay Disciplined for Prosperous Investing and Trading..
Dr B Amaranatha Sastry